Ch. 1 Key Terms Flashcards
Real property
Land, attachments, and appurtenances
Personal Property
Anything that is not real property; its main characteristic is movability
Appurtenance
A right incidental to the land that is transferred with it. It may include any or all of these:
- air rights
- water rights
- solid mineral rights
- oil and gas rights
- support rights
Emblements
Crops, such as wheat, produced annually through the labor of the cultivator
Trade fixtures
personal property attached to real property by a tenant for use in a trade or business. Trade fixtures are removable by the tenant.
Air rights
The right to use the airspace above a particular parcel of land as long as it does not impede air traffic. BUT if air traffic interferes with a landowner’s right to normal use of his land and causes substantial harm, he may sue for compensation or force the government to condemn the property and compensate him for its fair market value.
Riparian rights
The water rights of a landowner whose land borders on a stream, a lake, or other body of water. It allows only reasonable use of the water.
Riparian land
Land bordered by flowing water, such as a stream or river.
Littoral land
Land bordered by a stationary body of water, such as a lake or pond or even an ocean.
Appropriative rights
Water rights established by obtaining a government permit and not based on ownership of land beside a body of water. It isn’t necessary for the applicant to own land beside the body of water and does not have to be used on property adjacent to the water source.
Prior appropriative rights
Applies to ground and surface water. Mainly used in western Washington where water resources are often scare and therefore carefully controlled. If someone fails to use the water for a certain period of time, he may lose his water rights.
Overlying rights (Ground Water)
In regards to ground water in aquifers beneath a landowners property, the landowner may use this water (such as a well) without a permit. BUT it may not be transported for use on or off property.
Solid Mineral rights
A landowner owns all the solid minerals within the “inverted pyramid” under the surface of her property. These are considered real property until they are extracted from the earth, at which point they become personal property. Mineral rights can be sold separately from the rest of the property.
Easement
The right to enter the land of a landowner under certain circumstances, such as when mineral rights are obtained
Oil and Gas rights
Once a reservoir has been tapped and a well established, it becomes governed by the “rule of capture”. Any oil or gas that gets produced from the well becomes that landowner’s personal property.